Assessing the Effects of Ongoing Road Reconstruction Delays on Commercial Property Values.

Abstract

The study seeks to investigate “the Effects of Ongoing Road Reconstruction Delays on Commercial Property Values": case study of Salaama Road in Makindye Division”. Utilizing a mixed-methods approach, including surveys and interviews, the study examines the factors that are causing delays during road reconstruction, the trends in commercial property values over the past five years and the relationship between road reconstruction delays and commercial property values. The findings reveal that poor planning/project management was a major factor causing delays during road reconstruction on Salaama Road, however other factors included; poor supervision of roads, political interference, contractor-related issues, weather-related challenges and land compensations issues. On the trends in commercial property values along Salaama Road over the past five years, the findings revealed that while some segments of the commercial property are experiencing growth, some of the commercial property values along the reconstruction area have declined over the past 5 years. The study found a significant negative correlation between road reconstruction delays and commercial property values, with a Pearson correlation coefficient of -0.459 which suggests that as road reconstruction delays increase, the values of commercial properties tend to decrease with significance level of 0.000 (p < 0.01). Study recommendations include; It is imperative for KCCA to adopt robust project management methodologies, contractors should prioritize effective supervision and quality control measures to ensure that work is completed on time and to required standards, property developers and investors should maintain open lines of communication with local authorities and contractors and community stakeholders, including local business owners and residents should advocate for transparency in the road reconstruction process.